ECB’s Nowotny

Donald Trump’s shock election win in the United States “is not a good day for the world economy” and could force the European Central Bank “to intervene”, governing council member Ewald Nowotny said Wednesday.

Nowotny told reporters in Vienna the ECB was “prepared to intervene” as he warned of “massive insecurities” after the vote outcome sent shockwaves through global markets.

“Close observation is certainly necessary right now,” said Nowotny, who is on the ECB’s governing council that makes monetary policy decisions as […]